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    FOR SALE
    Banks

    400 Highway 50 W, O Fallon, IL 62269

    3,030 SF 0.67 ac lot Built 1967
    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US28-1062348
    400 Highway 50 W, O Fallon, IL 62269 For Sale
    $1,499,000 3,030 SF
    400 Highway 50 W, O Fallon, IL 62269
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    Property summary
    AI-generated overview

    This exceptional mixed-use property, located in O'Fallon, Illinois, presents a unique investment opportunity. The former ice cream manufacturing plant encompasses approximately 36,940 square feet, distributed across a 34,431 square foot warehouse/manufacturing plant and a 2,509 square foot office space. The property sits on eight parcels totaling approximately 2.75 acres and features five dock-high doors, two drive-in doors (measuring 20' x 14' and 14' x 14'), and approximately 50 paved parking spaces. Two of the plant parcels are zoned B-1 by the City of O'Fallon. The property benefits from three-phase electric service and enjoys a highly visible location on Highway 50, with approximately 15,400 vehicles passing daily. Its strategic location is approximately 1.5 miles from I-64 (Exit 16) and 5.4 miles from Scott Air Force Base, providing convenient access to major transportation routes and a significant workforce. The area boasts a thriving economy, with nearby hospitals, restaurants, and other hospitality businesses. Utilities are provided by the City of O'Fallon (water and sewer) and Ameren Illinois (electric and gas). The property's proximity to Scott Air Force Base, which contributes $3 billion annually to the regional economy, and its location within 30 minutes of St. Louis International Airport and 10 minutes from MidAmerica Airport, further enhance its investment appeal. This property is ideal for redevelopment and offers significant potential for a variety of uses. The asking price is $2,890,000. APN numbers are: 04-30.0-413-010, 04-30.0-413-011, 04-30.0-413-022, 04-30.0-413-023, 04-30.0-413-024, 04-30.0-413-018, 04-30.0-423-004, and 04-30.0-423-002.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1967
    Construction STEEL FRAME
    Total area 3,030 SF
    Lot 0.67 ac (29,185 SF)
    APN 04-32-0-103-001
    UPID US28-1062348
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Western Union Bank Credit Union
    • ATM (Regions Bank) Atm
    • Regions Bank Bank Loan Service
    • Regions Mortgage Loan Service Bank
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    People Of The St Of Illinois · 7 yrs held
    People Of The St Of Illinois
    since 2019
    1 recorded transaction
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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